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June’s portfolio includes 177 shares of Parchar Special Effects, 213 shares of Giaco Household Goods, and 152 shares of Raxin Accounting. If Parchar Special Effects pays a yearly dividend of $8.21 per share, Giaco Household Goods pays $6.97 per share, and Raxin Accounting pays $11.44 per share, how much does June earn in dividends per year?

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thatemogirl0371
I just finished taking the test and This one is (B) 4676.66

Answer:

$4676.66

Step-by-step explanation:

No. of shares of Parchar Special Effects = 177

If Parchar Special Effects pays a yearly dividend of $8.21 per share

So, It pays a yearly dividend for 177 shares= [tex]177 \times 8.21[/tex]

                                                                       = [tex]1453.17[/tex]

No. of shares of Giaco Household Goods = 213

Giaco Household Goods pays $6.97 per share

So, It pays a yearly dividend for 213 shares= [tex]213 \times 6.97[/tex]

                                                                       = [tex]1484.61[/tex]    

No. of shares of of Raxin Accounting= 152

Raxin Accounting pays $11.44 per share

So, It pays a yearly dividend for 152shares= [tex]152 \times 1.44[/tex]

                                                                       = [tex]1738.88[/tex]                

So,June earn in dividends per year = [tex]1453.17+1453.17+1738.88[/tex]      

                                                           = [tex]4676.66[/tex]                              

Hence June earn $4676.66 dividends per year.                            

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